U.S. President Donald Trump has signed a proclamation modifying the Section 232 national security tariffs on specific aluminum, steel, and copper imports, as confirmed by the White House. Effective June 8, tariffs on various steel and aluminum derivative products, such as specific types of agricultural machinery and residential heating, air conditioning, and ventilation equipment, will see a reduction from 25% to 15%.
According to the White House statement, mobile industrial equipment like bulldozers and forklifts will face a 15% tariff when imported from trade deal countries eligible for such treatment. Additionally, foreign companies can qualify for a 10% tariff if their capital equipment contains at least 85% U.S. melted and poured or smelted and cast steel or aluminum by weight.
The proclamation introduces two new categories of steel and aluminum derivative import products subject to 25% duties: steel racks and aluminum lithographic plates. These adjustments will take effect for goods imported or withdrawn from bonded warehouses after 12:01 a.m. ET on June 8 and will be valid until December 31, 2027, aiming to stimulate immediate investments for rebuilding the nation’s industrial base.